Seeing is believing. And I do not even believe 50% of what I see. 90% of what DT administration says is BS and contradictory. The US-China relationship benefits both sides. It would be hard (but not impossible) to break the relationship cold turkey, but costs will have to be paid if this has to happen. There is currently no political will for that. More likely scenario is China will do nothing with Korea, and US will do nothing about China trade. Both sides will blow hot and blow cold and then calm down. DT just loves such hot and cold BJs.
Very possible. All that has actually happened as of now, is that a leak has been made to US media about an *intended* plan by Trump sarkar to review trade policy with PRC. Could be nothing but a "dhamki" to the Chinese just as the Gobar Times is endlessly making against India.
The significance is that Bill Clinton's policy of first bringing China into WTO, and then essentially appointing WTO as the apex court of international trade arbitration (over and above even the sovereign laws of the US), is being questioned within America for the first time.
We have to understand that WTO was essentially the "Seat of Power" for the G2 Co-dominium envisioned by the Clinton administration. It was the original "non-state actor" created to enforce a certain globalist politico-economic order that has held good through the Clinton and GW Bush years.
Even in the Obama years, while a pivot to Asia was mulled, the co-dominium enthroned in its WTO Singhasana remained sacrosanct.
That the US is even talking about circumventing the WTO for the first time in 20+ years of dealing with China, is significant.
As far as India is concerned, the US will not solve the Pakistan, Kashmir or China problems. It may just pay some lip service and egg us on. India has to solve them by itself if ever wants to be a powers that is reckoned with. That is the price of becoming a world power.
No doubt about that.
The relevance to India, as mentioned in my original post, is that if WTO is bypassed by the US in its confrontation of China, it becomes that much easier for us to bypass it as well. China gets a lot of its international prestige by belonging to (and dominating) various international fora... P5 of UNSC, WTO, Nuclear Suppliers Group, APEC, SCO among them. It uses its membership and domination of these institutions to throw its weight around (e.g. blocking India's entry into NSG, blocking UN designation of various Pakis as terrorists, hectoring various countries for hosting the Dalai Lama, etc.). The weakening of these institutions, therefore, provides India with an opportunity to level the playing field.
But of course it is up to India to seize the opportunity and do that.